Delay in legalization is good for CBW
For all who are concerned about the delay in legalization - Read this opinion by Motley Fool: "Cannabis Wheaton Income Corp. Another surprising beneficiary of the delay just might be the first royalty marijuana stock, Cannabis Wheaton Income Corp. (NASDAQOTH: CBWTF). In return for supplying growers with upfront capital that they then use to expand their growing capacity or product lines, Cannabis Wheaton receives a percentage of crop yield at a well-below market rate. It then sells this received cannabis at market rates, pocketing the difference as its profit. The company has estimated an internal rate of return of around 60%, on average, for its deals. On the surface, a delay probably seems like bad news. Since Cannabis Wheaton is a brand-new company, its start-up costs, interest expense on debt, and dilutive impact from bought-deal offerings, would suggest that it needs revenue sooner than later to satiate its shareholders. However, of the roughly 15 deals that the company has forged, most are with smaller or private operations. The delay will give these smaller, off-the-radar growers the opportunity to work out any production issues and deliver their licensed quota to Cannabis Wheaton. Just like Aphria, Cannabis Wheaton anticipates being able to deliver 230,000 kilograms of cannabis to market in 2019."